- Henderson County
- Frankston TX
- 75763
- Local Area: Three Points Estates
Property Overview
Experience exceptional Lake Palestine living in this completely transformed waterfront home with breathtaking OPEN-WATER views! Facing east, the home captures beautiful sunrises & magical moonrises, while southerly breezes provide comfort as the afternoon sun sets toward the front, leaving the lakeside deck shaded for enjoying outdoor activities. The current owners have thoughtfully redesigned the entire home, creating a welcoming covered front porch & reimagining the former carport into additional living space during an extensive 2018 renovation. Offering 2,313 heated & cooled sq. ft., this inviting home features 4 bdrm plus a bonus room that could serve as a 5th bedroom, along with 2.5 baths. The spacious living area showcases a stacked stone wood-burning fireplace & vaulted wood-beamed ceiling, flowing seamlessly into the kitchen &dining area. A wall of sliding glass doors opens wide to the spectacular lakeside entertaining area, featuring both covered &open deck space & expansive water views. The primary suite enjoys its own private lakeside deck, while the ensuite bath offers a relaxing soaking tub & separate shower. Recently added plantation shutters & wood blinds enhance the bedroom windows. Beyond the home, a 1,200 sq. ft. heated & cooled shop, & 2 overhead doors offers incredible flexibility for hobbies, a workshop, recreation, or add'l storage. A private hot tub sits on a concrete slab between the home & shop. The extensive concrete driveway includes an RV site, water & electricity. Add'l features include an aerobic septic system installed in 2021 & a lake-fed sprinkler system costing less than $100 annually for water. A concrete sidewalk leads to the boathouse, built in 2020, featuring 2 boat lifts, covered & open seating areas, & refreshment area and approx. 7' water depth at full pool! With its remarkable open-water setting & inviting indoor-outdoor living spaces, this exceptional property is designed for making lasting lake memories!
Featured spaces
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Property highlights
Year Built 1975
School District Frankston Isd
HOA $75 Annually
Parking 2-car garage, 2 covered
Architecture Traditional,Detached
Acreage Estate 1.26 acres
Fireplace 1 Fireplaces
Neighborhood Three Points Estates
Full Property Details
Property Details
Quick Details
- Price $879,000
- Status Active
- Bedrooms 4
- Bathrooms 3
- Square Feet 2,313 Sq Ft
- Lot Size 1.26 acres
- Lot Size Sq Ft 54,973
- Year Built 1975
- Price / Sq Ft $380 / Sq Ft
- MLS # 21418295
Overview
- Property Type Residential
- Property Subtype Single Family Residence
- County Henderson
- Subdivision Three Points Estates
- Days on Market 4
Home Details
- Full Baths 2
- Half Baths 1
- Foundation Slab
- Roof Composition
- Flooring Carpet, Tile, Vinyl
- Heating Central, Electric
- Cooling Central Air, Ceiling Fans, Electric, Wall Window Units
Kitchen & Interior
- Appliances Dishwasher, Electric Range, Electric Water Heater, Disposal
- Interior Features Built In Features, Double Vanity, Kitchen Island, Open Floorplan, Paneling Wainscoting, Cable Tv, Natural Woodwork, Walk In Closets
- Fireplaces 1
- Fireplace Features Wood Burning
Lot & Exterior
- Lot Features Back Yard, Lawn, Subdivision, Waterfront, Retaining Wall
- Exterior Features Deck, Dock, Other, Rain Gutters, Rv Hookup
Parking
- Parking Additional Parking, Covered, Driveway, Rv Carport, See Remarks, Workshop In Garage, Boat, Rv Access Parking
- Garage Spaces 2
- Covered Parking 2
- Attached Garage No
Taxes & HOA
- Annual Taxes $4,275
- HOA Fee $75 Annually
- HOA Includes Association Management, Maintenance Grounds
Utilities
- Utilities Electricity Available, Electricity Connected, Septic Available, Cable Available
- Sewer Aerobic Septic
Schools
- Elementary Frankston — Frankston ISD
- Middle Frankston — Frankston ISD
- High Frankston — Frankston ISD
Listing Information
- MLS Board NTREIS
- List Date 10/22/2026
- Source Updated 10/26/2026
- Last Updated 10/26/2026
- Virtual Tour Available
Property Tax & CAD Valuation for 10638 Circle Point
Henderson CAD (Pritchard & Abbott) records for 10638 Circle Point, Frankston, TX 75763 show a CAD market value of $473,870 and a net appraised value of $473,870. CAD values are used for property-tax purposes and may differ from the property's current list price or eventual sale price.
TAX INFO FOR NORMAL PEOPLE
A plain-English look at Henderson CAD (Pritchard & Abbott) property-tax and appraisal records for 10638 Circle Point, Frankston, TX 75763, including CAD market value, appraised value, exemptions, taxing entities, improvement records, and value history.
View Official Henderson CAD (Pritchard & Abbott) Property Record
1. CAD Big Picture: Land + Improvements = Market Value
This shows what the CAD market value is made of. Appraisal districts usually separate value between the land and the improvements. Improvements may include the home, garages, shops, patios, pools, decks, storage, and other structures.
Land Value $10,500 + Improvement Value $463,370 = CAD Market Value $473,870
2. Improvement Details: Size, Type & Assessed Value
This is a breakdown of the improvements CAD has listed for the property and the square footage or area connected to those records. CAD improvement records may include the main living area, garages, shops, decks, patios, pools, storage, or other site improvements when available.
MAIN DWELLING
Value: $463,370 Total Area: 2649 Sqft Living Area: 1665 Sqft
| Detail | CAD Code | Area |
|---|---|---|
| LIVING AREA | LA | 1,665 Sqft |
| GARAGE/ENCLOSED | GE | 648 Sqft |
| PORCH/WOOD/COVERED | PW | 336 Sqft |
| Additional Feature / Structure | Type / Details | Area / Quantity |
|---|---|---|
| PRE-ENG METAL BLDG | Code: PM · Class: PM · Built 1999 | 1,200 Sqft |
3. Current Tax Exemptions & Statutory Limitations
Property tax bills reflect two distinct types of CAD adjustments: local taxing jurisdiction exemptions (which reduce taxable value below appraised value) and statutory appraisal limitations (which limit the annual growth of appraised value itself). Each taxing entity establishes its own exemption amounts and tax rates.
The current CAD record shows a homestead exemption. Specific deduction amounts vary by taxing jurisdiction.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer’s exemptions and future tax obligations may differ.
4. Value After CAD Reductions
This is where CAD reductions, exemptions, limitations, or special-use valuation may affect the value used for tax calculations.
CAD Market Value $473,870 − All Current CAD Reductions $0 = Current Taxed Starting Point $473,870
This reflects the CAD net appraised value after current CAD reductions. Individual taxing units may use different taxable values when exemptions apply.
5. Who Taxes It?
These are the local entities included in the current CAD/tax estimate. A property tax bill can include a city, county, school district, municipal utility district, public improvement district, or other special district. Each entity may use its own taxable value, rate, and exemption treatment.
| Entity | Taxable Value | Rate (per $100) | Est. Tax (No Ex.) | Savings | Est. Tax (Current) |
|---|---|---|---|---|---|
|
Other Entity
HENDERSON CAD |
$473,870 | 0.0000 | $0 | — | $0 |
|
School District
FRANKSTON ISD |
$241,052 (H) | 0.8755 | $4,149 | -$2,038 | $2,110 |
|
County
HENDERSON CO R&B |
$473,870 | 0.0177 | $84 | — | $84 |
|
County
HENDERSON COUNTY |
$473,870 | 0.2846 | $1,349 | — | $1,349 |
|
County
HENDERSON CO FM-FC |
$470,870 | 0.0412 | $195 | -$1 | $194 |
|
Other Entity
TRINITY VALLEY COMM |
$473,870 | 0.1137 | $539 | — | $539 |
(H) Taxable reduction reflected in school district taxable value.
Each taxing jurisdiction may apply its own exemptions, limitations, and taxable-value adjustments. The figures shown reflect the current CAD record. Specific exemption details are displayed when available from the source. A buyer's exemptions and future tax obligations may differ.
6. Estimated Tax Bottom Line
Est. Taxes (No Exemptions) $6,315 − Est. Tax Reductions / Savings $2,040 = Est. Taxes (With Current Exemptions) $4,275
The current CAD tax estimate shows exemptions and adjustments reduce the estimated annual taxes by about $2,040. Estimated taxes without exemptions are calculated by applying each jurisdiction's tax rate to its pre-exemption taxable value. Exemption savings represent the difference between this unexempted estimate and the county's current tax estimate. Taxable values and tax rates vary by jurisdiction. Future taxes depend on buyer qualification and future adopted rates.
The current tax estimate reflects a homestead exemption on the property's present CAD record. That exemption does not automatically transfer to a new owner; a buyer must qualify for their own exemptions. For comparison, the current estimate is $4,275 with the exemptions shown today and $6,315 without exemptions. Actual future taxes will depend on buyer eligibility, future appraised values, and adopted tax rates.
7. CAD Values Over Time
YOY Change reflects the change in CAD Market Value from the prior appraisal year. Taxed / Appraised reflects the CAD net appraised value after CAD reductions, or the certified capped appraisal value where jurisdictions differ. Individual taxing units may use different taxable values when exemptions apply.
| Year | Land | Impr. | Market | Taxed / Appraised | YOY Change |
|---|---|---|---|---|---|
| 2021 | $103,500 | $271,111 | $374,611 | $340,431 | +$25,997 / +7.46% |
| 2022 | $103,500 | $352,537 | $456,037 | $373,487 | +$81,426 / +21.74% |
| 2023 | $10,500 | $434,855 | $445,355 | $409,858 | -$10,682 / -2.34% |
| 2024 | $10,500 | $463,370 | $473,870 | $449,866 | +$28,515 / +6.40% |
| 2025 | $10,500 | $463,370 | $473,870 | $473,870 | — |
| 2026 | $10,500 | $463,370 | $473,870 | $473,870 | — |
8. List Price vs CAD Value
The current list price and the county’s CAD market value are not the same thing. CAD market value is used for property-tax context and may lag the open market, reflect prior protests, exemptions, caps, agricultural or special-use treatment, or other appraisal district methods.
How does the list price compare with the CAD value?
CAD values are appraisal-district values used for property-tax purposes and can differ from current asking prices and eventual sale prices.
Current List Price $879,000 − Current CAD Market Value $473,870 = Over CAD Value +$405,130 (+85.5%)
A sale price can become part of the appraisal district’s future evidence. A buyer’s future taxable value and tax bill may change after purchase, especially if exemptions, caps, or special-use valuation change.
For tax planning, buyers should confirm future taxable value, exemptions, and special-use treatment with the appraisal district, tax office, lender, CPA, or other qualified advisor.
LIFE AROUND THREE POINTS ESTATES
A curated look at local favorites, everyday stops, and lifestyle context near this property.